Diary of a Network Geek

The trials and tribulations of a Certified Novell Engineer who's been stranded in Houston, Texas.


Emergency Funds

Filed under: Advice from your Uncle Jim,Criticism, Marginalia, and Notes,Deep Thoughts,Life Goals,Life, the Universe, and Everything,Personal,Red Herrings — Posted by the Network Geek during the Hour of the Tiger which is terribly early in the morning or 5:27 am for you boring, normal people.
The moon is a New Moon

How much money do you have saved in case of emergency?

No, I’m not asking you to tell me in the comments. But, it is a good question to be asking yourself. For instance, it would have been nice to have a fund to draw on for all those unexpected medical bills last year. It’s hard to stay out of debt when the doctors keep charging me to maintain my good health! Seriously, though, one of my goals in the next year or two is to get at least two paychecks worth of income set aside in case of emergency. Initially, I thought I’d keep it all in a single account, but after reading Use a Freedom Account to Prepare for the Unexpected on the Get Rich Slowly blog, maybe I’ll set up more than one “emergency fund”. Sure, it’ll take longer, but I’ll probably feel safer.
At any rate, the article itself is sure worth a read and gives you something to think about!

Advice from your Uncle Jim:
"Hating people is like burning down your house to get rid of a rat."
   --Harry Emerson Fosdick

Powered by WordPress
Any links to sites selling any reviewed item, including but not limited to Amazon, may be affiliate links which will pay me some tiny bit of money if used to purchase the item, but this site does no paid reviews and all opinions are my own.